Jamba inks $35M stock deal

EMERYVILLE Calif. Jamba Inc., parent to the 732-unit Jamba Juice smoothie chain, has agreed to a sale of $35 million in convertible preferred stock to two investors, Mistral Equity Partners and the family that owns the Ontario, Canada-based Yogen Früz frozen yogurt and smoothie franchise brand.

The agreement, announced Monday and set to close in about two weeks, will provide funds to repay Jamba’s senior term note, due in 2010, and to provide capital for the

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